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20131101
20131130
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CNBC 17
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English 17
Search Results 0 to 16 of about 17
CNBC
Nov 7, 2013 3:00pm EST
model s fire in the state of tennessee. phil lebeau has details on that one. phil? >> and, bill, we're still trying to get exact details about what happened with this tesla model s fire. take a look at these pictures provided to us by the tennessee highway patrol. these are shots of the model s after the fire was put out. the driver was uninjured. got out of the car. he apparently drove over a tow hitch in the road. that punctured the battery compartment. by the way, as you're looking at this, this is the third model s fire in the last six weeks. and for tesla shares, it has added to what has been a terrible couple of days. in fact, this is the worst two day drop for tesla shares in more than three years. tesla says it is sending a team of investigators to tennessee to investigate what happened. as for the federal government, the national highway traffic safety administration tells us that it will contact the local authorities who are looking into the incident to determine if there are vehicle safety implications that merit agency action. tesla has sold more than 19,000 model s vehi
CNBC
Nov 19, 2013 1:00pm EST
. will the investigation put a dent into future sales? phil lebeau to answer that question for us at the auto show in los angeles. phil? >> hi, tyler. what's interesting is we're hearing a lot from elon musk on twitter today. we'll give you a taste of that in a little bit. let's focus on what this investigation regarding the model s is about. it's focusing on two battery fires here in the u.s. one last month just outside of seattle, washington, that's where this video is from, and another one earlier this month in tennessee. both of those fires are the focus of the investigation. by the way, nobody was hurt or killed in either of those fires, of which elon musk referenced on twitter today, he's been tweeting out about the fact that they are now the focus of an investigati investigation. he writes what makes this incredibly unjust is that the model s to date has the best safety record of any car on the road an then puts in parentheses, no injuries or deaths ever. it is still unclear whether this investigation will actually lead to a recall. it's not uncommon that they will do an investigation and then at
CNBC
Nov 20, 2013 1:00pm EST
cars. and our phil lebeau is on-site mingling with the top auto ceos. >> hey, tyler, electric cars a big theme at the show this year. this is one of the new ones introduced, volkswagen's e gulf we'll talk with the head of volkswagen of america when "power lunch" returns. [ bagpipes and drums playing over ] [ music transitions to rock ] make it happen with the all-new fidelity active trader pro. it's one more innovative reason serious investors are choosing fidelity. get 200 free trades when you open an account. >>> day two of the l.a. auto show and cnbc is all over the hottest cars or phil lebeau is. he's on-site with the first on cnbc interview with the ceo of volkswagen of america. phil? >> thank you, tyler. i'm here with jonathan browning the gentleman who runs volkswagen of america and we're standing in front of your newest vehicle you unveiled the e gulf, e for electric. how much due mand is out there in your opinion in terms of electric vehicle? >> the electric vehicle demand is a small minority of the total market price but it's growing. for example, in our long-term plannin
CNBC
Nov 19, 2013 9:00am EST
, our own phil lebeau with more details on that. >> reporter: good morning, kate. we're here at the l.a. auto so where as they get ready to open the show, a lot of talk is about what's happening with tesla. a few minutes ago, this tweet from elon musk, the ceo of tesla. he says why does a tesla fire with no injury get more media headlines than 100 gas car fires that kill hundreds of people per year? what he's referencing is the fact that the national highway traffic safety administration has opened a formal investigation into the model s battery fires. in doing so the agency said the investigation was prompted by recent incidents in washington state and tennessee that resulted in battery fires due to undercarriage strikes with roadway debris. nobody was injured, nobody was killed in either of the tesla model s fires and tesla this morning said it asked the national highway traffic safety association to launch a formal investigation. it brings up the question, will there be a rrl? this is what elon musk said at the deal book contract just last week when andrew ross sorkin asked him abo
CNBC
Nov 5, 2013 3:00pm EST
, phil lebeau has been saying it's all about the numbers beyond headline profits and sales figures. investors will be looking at three big things. model s delivery, 5700 of them. gross margins, look between 16% and 20%. anything higher, the stock will take off. anything lower, we could see a bit of a selloff there. then 21st century fox, reporting earnings as well. look for earnings of 37 cents a share on sales of $6.7 billion. they'll be looking to see how the cable television and movie business is for them and what it says about the rest of the business. back to you. >> media stocks in general have been red hot this year. my next guest says there's significant upside for select companies. the cable entry is undervalued. she joins me, bank of america jessica reef cohen, one of the top media consultants. and today she's naming names. good to see you. >> good to see you. >> you've been a student and leader in this industry for so long. >> thank you so much. >> what's behind the big rally in the stocks? >> the stocks have been on fire, it's true. a part of the reason for the entertai
CNBC
Nov 7, 2013 6:00pm EST
? >> caller: hey, jim, my 10-year-old daughter, emma, wants to say something to you. >> sure. >> caller: beau, beoo-boo-boo-y. >> there's a kid with sense. what do you got? >> caller: talking about the social space, if you're playing something that's disruptive like that, if that's how you feel, you're not worried about evaluations. you're looking at the upside, aren't you? >> there are times that some people, not me, some people are willing to pay any price. linkedin is the game changer and own that business. i like linkedin. linkedin could be very cheap on -- earnings that came out two years ago. that's what's important. i believe in that. growing pains? we're seeing a selloff in growth stocks. you know what that means. pretty soon you're going to have to start hunting. after the break, try to make you more money. >>> coming up, french fried? pretzel burgers weren't enough to satisfy wall street's hunger for growth. and despite better than expected earnings, wendy's got cooked in today's tape. is this just an opportunity to take a bite? don't miss cramer's exclusive. i'm only in my 60's...
CNBC
Nov 14, 2013 1:00pm EST
that the plane maker rejecting a controversial contract proposal. it could have big ramifications. our phil lebeau in chicago. phil, this seemed like a real important vote not just for boeing but also for the labor community as a whole. >> absolutely because this is one of those plumb possibilities out there in terms of where boeing puts the 777 x plane. the union, the machinist in seattle, had a chance to vote on a contract offer which would extend through 2024. two-thirds of the members voted it down last night. here's a sense of what they were feeling as they were voting. >> i was quite certain it was not going to pass. i could not see my brothers and sisters taking this and the way it was presented to us as extortion and accepting it. >> they choose to take the 777 x the same path they took the 787 and commit corporate suicide, it's their business. it's not ours. >> keep in mind, boeing offered a guarantee of the 777x being built in the puget sound if the union agreed to that eight-year contract which would have had some changes to the pension, a 1% a year pay raise. they would have had to pay
CNBC
Nov 20, 2013 3:00pm EST
, that would be bmw. new cla model has been on fire so far in 2013. >> our phil lebeau has been at the l.a. auto show today checking out the hottest new cars. he joins us with mercedes benz ceo steve cannon. >> thank you. we're in front of the cla because this has been red hot. tell us the type of buyer you're bringing in with the cla. >> all new buyers, conquest buyers. 80% of the those buying the cla are brand new to mercedes. trading in bmws, honda, toyotas -- >> mass market. >> that's what we were hoping for. those that sold in the 30,000 to $50,000 price point is significant. what's going on in the marketplace is you have luxury folks moving toward that point. and you have the mass manufacturers moving up. that's a battleground that's very significant. >> which brings up what happened in december, which is always huge for the luxury automakers. i was talking with one of your dealers yesterday and he said, boy, december is going to be a great month for the deals when it comes to luxury. how much more will we see this year compared to past years? >> for us it's going to be business as
CNBC
Nov 21, 2013 12:00pm EST
expect it to take off any time now. phil lebeau has been following the story, and he
CNBC
Nov 21, 2013 3:00pm EST
. we're not flying an airplane. phil lebeau has more. >> a statement from the fcc and commissioner tom wheeler in regards to the possibility of allowing phone calls to be made on airplanes if they change the rules. he essentially says, modern technologies can deliver mobile services in the air safely and reliably. and the time is right to review our outdated and restrictive rules. technologically speaking, it may be time to review those rules. i should point this out, bill and maria. when they change the rules within the last month in terms of allowing people to use their devices below 10,000 feet, there was overwhelming evidence that people do not want other people to use cell phones on the planes. in fact, in one survey, people were more opposed to allows cell phone use than they were to allows passengers to be overintoxicated on flights. that gives you some indication of just how much people are against the idea of cell phone calls being allowed on commercial air flights. >> how would you like to be the guy that's sitting with everybody around you, using their cell phone at that tim
CNBC
Nov 6, 2013 9:00am EST
beating the streets by a penny. company's delivery numbers were lower than expect. phil lebeau joins us. >> reporter: this is a third quarter where they reported better as their own guidance but not as good as any were expecting. you mentioned delivery. for the third quarter they delivered 5,500 model s, some were talking about 5,700 or 5,800. there was some of the disappointment. the gross margin, however, at 21% is a little higher than most on wall street were expecting and now they're planning to deliver 21,500 this year. and deliveries are being increased to europe and to a certain extent pulling back a bit in terms of delivering here in the u.s. what about china, who many view as a great growth market? that will start in the first quarter of next year and already elon musk is saying they're seeing great interest -- they're more on the supply side than on the demand side. >> we're supply constrained not demand constrained. we're working hard to address the construction constraint. the thing that people quite don't get is we're different in that fundamental way from other car compani
CNBC
Nov 11, 2013 9:00am EST
, prompting companies around the world to open up more plans there, fill le beau joins us live from mexico with some more on this phenomenon. good morning, phil. >> reporter: good morning, kelly. we're on the floor of the plant for a japanese auto parts supplier. they are going to be building exhaust systems as well as control modules for nissan, general motors, mazda, they're exploetding here. they're in the midst of a hiring boom. they are going to 1,400 workers a year ago. by the time this expansion is done in the next few years, they'll be up to 3,100 workers. that's what we are seeing throughout mexico when you look at the auto and aerospace industry. this has become the hottest place for the growth of those jobs. primarily because it benefits from a number of factors, including trade agreements, low cost, et cetera. take a look at this, a lot of people sit there and say, around they shipping jobs to china? look at the cost difference for jobs and exports out of mexico versus china versus the united nations united states. they have to realize members ka has become the hottest export h
CNBC
Nov 13, 2013 9:00am EST
to lagging sales. our phil lebeau explains in chicago. hey, phil. >> reporter: this is about the new vehicle that lincoln has unveiled today, called the mkc. let's look at it. it's really a small crossover utility vehicle. they're calling it a small suv. but it's built on a car platform. it will start at just under $34,000. now, lincoln is hoping the mkc captures the growing demand for small suvs and luxury crossover utility vehicles. year-to-date, lincoln sales down 3%. they've had no traction at all, while the luxury market overall is up 11%. but the head of lincoln says he believes things are starting to turn around. >> as the luxury business is about brand, it's about contribution margin, and it's about customers buying the best product. and we are really pleased to see that our price on the new mkc are up almost $6,000. our hybrid mix is over 30% now, which is something we didn't expect, frankly. >> reporter: so there are some metrics that are moving in favor of lincoln, which really has been stuck in the mud for a long time. but jim farley thinks they can bring it around. the showrooms
CNBC
Nov 12, 2013 9:00am EST
the industry. phil lebeau is in mexico with carlos goen. phil, over to you. >> reporter: thank you, kelly. we have a busy day in new york, and also a busy day here in mexico. and carlos is joining me, chairman of nissan-renault. a lot of the plant here, why now? >> yes, we're already here. >> correct. >> we have a plant that's full. 175,000 cars a year capacity, capable of doing four cars. but it will be filled with one car, the central behind me, demand is strong in the united states, and very strong, also, in mexico. little by little, mexico is becoming an export hub for the americas. >> the weaker yen. obviously, you're more diversified than many of the japanese counterparts around the world. how much has it benefited you? does it make it a little -- put less pressure on you to diversify the base even more? >> no, i said when the end was 75 or 76, we need to hit 100 in order to -- for the end to be neutral. we're there. i think it's neutral for the moment. i don't think there's an advantage. i don't think there is a handicap. we are much more diversified than our competitors in japan. we f
CNBC
Nov 1, 2013 9:00am EDT
. >> we are getting numbers on auto sales. chrysler already came out with a miss. phil lebeau has ford numbers. >> reporter: these are slightly below the estimate, overall ford for the month of october, an increase of sales of 14%. again, the street was expecting 15.5%. a couple of numbers stand out here. the best retail sales for the month of october since 2004. we usually don't focus on just one month. that is interesting. best retail sales since 2004. the f-series, it continues to be just incredible. up 63,000 in terms of total sales, up 13% for the month. that is the sixth straight month with f-series sales of greater than 60,000. guys back to you. >> phil, thank you for that. >> the stock does anything. >> i was going to ask you, you know, we've seen some of the whole sale inventory numbers showing stockpiling at auto dealers. some of the loans are stretched out. >> gm stories there about no deals, deals, i think if you don't offer these deals, you got to stay on that treadmill. these stocks have stalled. i don't know why. i'm saying that it's not as easy because europe is turning
CNBC
Nov 5, 2013 9:00am EST
on the verge of an unprecedented deal that will get the company through the bulk of its orders. phil lebeau has the details out of chicago. good morning, phil. >> reporter: good morning. this is important for boeing and machinists. they're saying are we're sure we're going to have labor peace through the rest of the decade? that's what it looks like as they're close to signing a deal. for boeing as they close in on this deal, the labor contract, if they agree to a new one, would ensure the 777x, that it would largely be assembled in the puget sound area. what does boeing get out of this deal? a new contract that would run through at least 2020 and perhaps several years after that, ensuring labor peace for boeing for several years, which is going to be critical as they go through the rest of this decade. you've got to go back to 2008, the last time that boeing had to deal with a strike by the machinist union. when you look at boeing's back log, the important thing is boeing wants the certainty about the fixed labor costs for more than 4,700 planes. this is a all-time record. the value, $345 bill
CNBC
Nov 21, 2013 6:00am EST
satisfaction. but, of course, this comes as the car is also under some government scrutiny. phil lebeau caught up with the head of national highway safety, the safety at administration late yesterday about its investigation into the tesla s. >> once we made that decision and once we talked to tesla about that decision, they were more than open about saying we want the highest level of scrutiny, we want to cooperate with you on every level of this investigation. they feel very strongly about the quality and safety of their vehicles. we have a lot of questions to have answered. they're willing to step forward to the plate and be collaborative is very positive. >> that's a very positive statement from the government. usually it's much more contentious. take a look at what strictland had to say about how long the investigation might take. >> no time frame. we really want to get this done right. sometimes investigations take a week, sometimes they can take several months. i have no notion or real indication how long this will take. but with tesla being willing to be proactive, hopefully it will be
Search Results 0 to 16 of about 17